Glencore International AG, a privately-owned company organised under the laws of Switzerland and, together with its subsidiaries ("Glencore") is a leading, diversified natural resources group with worldwide activity in the mining, smelting, refining, processing and trading of metals and minerals, energy products and agricultural products. Glencore is engaged in the physical trading of commodities on a global basis, purchasing physical commodities as principal, mostly from producers and selling and delivering these commodities to industrial consumers such as car manufacturers, steel mills, public utilities and flour mills. |